Nigeria’s stock market has reached a historic watershed moment as its capitalisation surged past the N160 trillion mark on Monday May 11.
This record-breaking valuation underscores a dramatic shift in market dynamics, reflecting heightened investor confidence and a resilient appetite for local equities despite a complex macroeconomic backdrop.
A strategic influx of Foreign Portfolio Investment (FPI), attracted by ongoing currency reforms, has combined with robust local institutional liquidity to push the NGX All-Share Index (ASI) to unpre
